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EXICOM - Exicom Tele-Sys.

📊 NSE: EXICOM 🏢 Electric Equipment 📅 Last Updated: 12/13/2025 22:01

📢 Recent Corporate Announcements

Exicom Seeks Shareholder Approval for MD & CEO and WTD Remuneration via Postal Ballot

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 05 Mar 2026, 05:17 PM

Exicom Tele-Systems has initiated a postal ballot to seek shareholder approval for the remuneration of its top executives. The company proposes a performance-linked commission of up to 2% of net profits for MD & CEO Anant Nahata for the period April 2026 to July 2028. Additionally, approval is sought for Whole-time Director Vivekanand Kumar's remuneration for his remaining tenure through August 2028. These special resolutions are structured to ensure payment continuity even in the event of inadequate profits, adhering to Schedule V of the Companies Act.

Proposed performance-linked commission for MD & CEO Anant Nahata capped at 2% of net profits per financial year.
Remuneration approval sought for MD & CEO for the period April 1, 2026, to July 6, 2028.
Remuneration approval sought for Whole-time Director Vivekanand Kumar from August 21, 2026, to August 20, 2028.
Special resolutions enable payment of remuneration even in case of absence or inadequacy of profits.
Remote e-voting period is scheduled from March 6, 2026, to April 4, 2026, with results expected by April 7, 2026.

💡 Investors should monitor the voting results to ensure executive compensation remains aligned with company performance and shareholder interests. No immediate portfolio changes are necessary based on this routine governance disclosure.

Exicom Tele-Systems Releases Q3 FY26 Earnings Call Audio Recording

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 13 Feb 2026, 07:03 PM

Exicom Tele-Systems has made the audio recording of its Q3 FY26 earnings conference call available to the public. The call, held on February 13, 2026, discussed the company's unaudited financial performance for the quarter and nine-month period ending December 31, 2025. This disclosure is part of the company's regulatory compliance under SEBI Listing Regulations. Investors can access the recording on the company's official website to review management's commentary on business operations.

Audio recording of the Q3 FY26 earnings call is now live on the company's website.
The conference call was conducted on February 13, 2026, at 4:30 P.M. IST.
Discussion focused on financial results for the quarter and nine months ended December 31, 2025.
Compliance maintained with SEBI Listing Regulations 30 and 46(2)(oa).

💡 Investors should listen to the recording to understand management's outlook on the EV charging and power solutions segments. Focus on commentary regarding order book execution and margin sustainability for the remainder of FY26.

Exicom Tele-Systems Reports Nil Deviation in Utilization of Rs 659 Crore Raised Funds

🟢 POSITIVE ⭐ 6/10

REGULATORY 📅 13 Feb 2026, 05:55 PM

Exicom Tele-Systems has confirmed zero deviation in the utilization of funds raised through its IPO (Rs 400 crore) and Rights Issue (Rs 259.41 crore) as of December 31, 2025. The company has successfully deployed Rs 381.34 crore of IPO proceeds towards its Telangana manufacturing facility, debt repayment, and R&D. Additionally, Rs 259.24 crore from the Rights Issue has been almost entirely utilized, focusing on the Tritium business and debt reduction. This transparency confirms that management is adhering strictly to the capital allocation strategy outlined in their offer documents.

Nil deviation reported for both the Rs 400 crore IPO/Pre-IPO and the Rs 259.41 crore Rights Issue proceeds.
Rs 151.47 crore from IPO proceeds fully utilized for setting up production lines at the Telangana manufacturing facility.
Rs 161.87 crore from the Rights Issue used for repayment of outstanding borrowings, including promoter loans.
Rs 85 crore from Rights Issue deployed to fund operating expenses of the Tritium business.
Rs 22.06 crore utilized for R&D and product development out of the Rs 40 crore IPO allocation.

💡 Investors should take confidence in the management's disciplined execution of capital expenditure and debt reduction plans. The focus should now shift to the operational performance of the Telangana facility and the Tritium business integration.

Exicom Q3 FY26: Revenue Up 41% YoY to ₹277 Cr; Tritium Turnaround Targeted for FY27

🔵 WATCH ⭐ 8/10

EARNINGS 📅 13 Feb 2026, 03:06 PM

Exicom Tele-Systems reported a 41% YoY growth in consolidated revenue to ₹277 crore for Q3 FY26, driven by strong domestic performance. While standalone operations are profitable with an EBITDA of ₹16.1 crore, the consolidated entity posted a PAT loss of ₹67.9 crore due to the ongoing integration of the Tritium acquisition. Management expects Tritium's revenue to jump to $10 million in Q4 FY26, which is projected to halve its current EBITDA losses. The Critical Power segment showed exceptional growth, doubling revenue YoY to ₹164 crore with a robust order book of ₹1,400 crore.

Consolidated revenue grew 41% YoY to ₹277 crore; Standalone revenue rose 58% YoY to ₹234 crore.
Critical Power business revenue more than doubled YoY to ₹164 crore with a ₹1,400 crore order book.
Tritium acquisition continues to weigh on margins with a consolidated EBITDA loss of ₹32.3 crore.
Tritium Q4 FY26 revenue projected at $10M (2.4x Q3 levels) with a goal for EBITDA breakeven in Q4 FY27.
EVSE segment revenue reached ₹70 crore, onboarding 6 new CPOs and 2 new Bus OEMs.

💡 Investors should closely monitor the Tritium integration progress and the projected revenue jump in Q4, as this is the primary drag on consolidated profitability. The strong domestic order book in Critical Power provides a solid growth floor, but the stock's re-rating depends on achieving the stated EBITDA breakeven targets for Tritium.

Exicom Reports Q3 Consolidated Net Loss of ₹71.09 Cr; Revenue Grows 40% YoY

🔴 NEGATIVE ⭐ 8/10

EARNINGS 📅 13 Feb 2026, 01:42 PM

Exicom Tele-Systems reported a consolidated revenue of ₹276.73 crore for Q3 FY26, marking a 40.7% growth compared to ₹196.63 crore in Q3 FY25. However, the company posted a significant consolidated net loss of ₹71.09 crore for the quarter, primarily due to heavy losses in its international subsidiaries, including the Tritium entities. While standalone operations remained profitable with a net profit of ₹11.29 crore, the consolidated nine-month loss has reached ₹220.26 crore, reflecting ongoing integration and operational challenges in global markets.

Consolidated Revenue from Operations increased 40.7% YoY to ₹276.73 crore in Q3 FY26.
Reported a consolidated Net Loss of ₹71.09 crore for the quarter compared to a profit in the previous year's period.
Standalone Net Profit stood at ₹11.29 crore, showing a sharp contrast to consolidated performance.
Nine-month (9M FY26) consolidated net loss widened to ₹220.26 crore.
Total consolidated expenses surged to ₹355.23 crore, significantly impacting margins.

💡 Investors should exercise caution as the heavy losses from international subsidiaries are significantly eroding the profitability of the core Indian business. Monitor management's commentary on the turnaround strategy for the Tritium acquisition before considering further exposure.

Exicom Tele-Systems to Host Q3 FY26 Earnings Conference Call on February 13, 2026

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 10 Feb 2026, 01:21 PM

Exicom Tele-Systems has scheduled an earnings conference call for Friday, February 13, 2026, at 4:30 PM IST to discuss its financial performance. The management team, including MD & CEO Anant Nahata and CFO Shiraz Khanna, will address the unaudited standalone and consolidated results for Q3 and the nine months ended December 31, 2025. This call is a standard procedure following the release of quarterly results, allowing institutional investors and analysts to engage with leadership. The event is being coordinated by Monarch Networth and includes international dial-in options for global investors.

Conference call scheduled for February 13, 2026, at 04:30 P.M. IST.
Agenda covers unaudited financial results for Q3 FY26 and the nine-month period ended Dec 31, 2025.
Top management including MD & CEO Anant Nahata and CFO Shiraz Khanna will be present.
International toll-free numbers provided for investors in Hong Kong, Singapore, UK, and USA.
Audio recordings and transcripts will be made available on the company and stock exchange websites.

💡 Investors should attend the call or review the subsequent transcript to understand management's outlook on the EV charging and power systems segments. Focus on commentary regarding order book execution and margin trends for the remainder of FY26.

Exicom Tele-Systems Reaffirmed at 'CARE BBB' with Negative Outlook for ₹403.70 Cr Facilities

🔵 WATCH ⭐ 6/10

ROUTINE 📅 09 Feb 2026, 07:42 PM

CARE Ratings has reaffirmed the credit ratings for Exicom Tele-Systems Limited's bank facilities totaling ₹403.70 crore. The long-term rating stands at 'CARE BBB' while the short-term rating is 'CARE A3'. Notably, the 'Negative' outlook has been maintained, reflecting the rating agency's concerns regarding the company's operational and financial performance during FY25 and H1FY26. This indicates that while the current credit profile is maintained, there is potential downward pressure if performance does not strengthen.

Long-term bank facilities of ₹238.70 crore reaffirmed at 'CARE BBB' with a Negative outlook
Short-term bank facilities of ₹105.00 crore reaffirmed at 'CARE A3'
Long-term / Short-term facilities of ₹60.00 crore reaffirmed at 'CARE BBB; Negative / CARE A3'
Total bank facilities covered under the rating action amount to ₹403.70 crore
Ratings based on audited FY25 and unaudited H1FY26 financial and operational performance

💡 Investors should closely monitor the company's upcoming quarterly earnings to see if operational efficiencies improve, which is necessary to stabilize the 'Negative' outlook. The reaffirmation suggests no immediate credit crisis, but the outlook warrants caution regarding the company's debt-servicing trajectory.

Exicom Subsidiary Approves Conversion of USD 4.5 Million OCDs into Equity

🔵 WATCH ⭐ 7/10

FUNDRAISE 📅 05 Feb 2026, 07:36 PM

Exicom Tele-Systems' material subsidiary, Exicom Power Solutions B.V. (Netherlands), has approved the conversion of USD 4.5 million worth of Optionally Convertible Debentures (OCDs) into ordinary equity shares. This conversion is part of a larger external fundraise plan of up to USD 40 million involving third-party foreign investors. As a result of this conversion, Exicom's 100% shareholding in the subsidiary will be diluted. The final dilution percentage will depend on the exchange rate prevailing at the time of the conversion and allotment.

Conversion of USD 4.5 million outstanding OCDs into ordinary equity shares approved by subsidiary board.
Part of a broader capital raising initiative of up to USD 40 million for the Netherlands-based subsidiary.
The conversion will result in the dilution of Exicom Tele-Systems' 100% stake in the material subsidiary.
The transaction involves a third-party foreign investor, indicating external valuation benchmarks for the subsidiary.

💡 Investors should monitor the final dilution percentage and the implied valuation of the subsidiary once the allotment is complete. While dilution reduces the parent's stake, the influx of external capital supports the subsidiary's growth and expansion in international markets.

Exicom Shareholders Approve Material Related Party Transactions with 99%+ Majority

🟢 POSITIVE ⭐ 7/10

REGULATORY 📅 03 Feb 2026, 03:24 PM

Exicom Tele-Systems has received shareholder approval for four key resolutions regarding Material Related Party Transactions (RPTs) involving its international subsidiaries in the Netherlands, Australia, and the USA. All resolutions were passed with over 99.27% of the votes in favor, facilitating smoother operational and financial interactions between the company's global units. Notably, the promoter group abstained from voting as they were interested parties, leaving the decision to public shareholders. This approval is crucial for the company's integrated global operations following its recent international expansions.

Shareholders approved Material Related Party Transactions with Exicom Power Solutions B.V. (Netherlands) with 99.28% favor.
Approval granted for RPTs between subsidiaries in the Netherlands, Australia (Tritium Power Solutions Pty Ltd), and the USA (Tritium Power Solutions Inc.).
A total of 11,345,293 votes were polled, with public institutions showing 98.54% support and non-institutions over 99.90% support.
Promoter and Promoter Group, holding 92,449,616 shares, abstained from voting due to being interested parties.
All four resolutions were passed as Ordinary Resolutions as per SEBI Listing Regulations.

💡 Investors should view this as a positive step for operational synergy within Exicom's global EV charging and power solutions business. Monitor future quarterly reports to see how these inter-company transactions impact consolidated margins and cash flows.

Exicom Tele-Systems Submits SEBI Compliance Certificate for Quarter Ended December 2025

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Jan 2026, 04:47 PM

Exicom Tele-Systems Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The document confirms that the company has complied with the necessary procedures for dematerialization of share certificates for the quarter ended December 31, 2025. This certificate was issued by the company's Registrar and Share Transfer Agent, MUFG Intime India Private Limited. Such filings are standard administrative requirements for all listed entities in India to ensure the integrity of shareholding records.

Compliance certificate submitted for the quarter ended December 31, 2025
Filed under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
Certificate issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited
Confirms the processing and substitution of depository names in the register of members

💡 No action is required as this is a routine regulatory filing. Investors should continue to monitor the company's operational performance and upcoming quarterly financial results.

Exicom Seeks Approval for ₹440 Cr+ Related Party Transactions and Subsidiary Fund-Raise

🔵 WATCH ⭐ 7/10

REGULATORY 📅 02 Jan 2026, 05:06 PM

Exicom Tele-Systems has issued a postal ballot notice to approve material related party transactions (RPTs) involving its international subsidiaries in the Netherlands, Australia, and the USA. The company proposes a ₹180 crore limit for transactions with Exicom Power Solutions B.V. and a ₹260 crore limit for dealings between its Netherlands and Australian units. Notably, the Netherlands subsidiary is planning an independent fund-raise, which will result in it ceasing to be a wholly-owned subsidiary. These transactions include unsecured loans and trade-related activities intended to support global operations and the Tritium business integration.

Proposed RPT limit of ₹180 Crores for transactions between Exicom and its Netherlands subsidiary.
Proposed RPT limit of ₹260 Crores for transactions between Netherlands and Australian subsidiaries.
Exicom Power Solutions B.V. (Netherlands) to undergo a fund-raise, diluting Exicom's 100% ownership.
Transactions cover unsecured loans, sale/purchase of goods, and professional services on an arm's length basis.
E-voting period is scheduled from January 3, 2026, to February 1, 2026, with results by February 3.

💡 Investors should monitor the valuation and dilution impact of the upcoming fund-raise at the Netherlands subsidiary level. It is crucial to ensure that the large RPT limits are utilized effectively for the growth of the newly acquired Tritium EV charging assets.

Exicom Board Approves Material Related Party Transactions; Seeks Shareholder Approval

🟡 NEUTRAL ⭐ 5/10

REGULATORY 📅 31 Dec 2025, 04:17 PM

Exicom Tele-Systems has announced board approval for material related party transactions (RPTs) involving its subsidiaries and step-down subsidiaries. These transactions exceed the materiality thresholds defined under SEBI Regulation 23, necessitating shareholder approval. The company maintains that these transactions are conducted in the ordinary course of business and on an arm's length basis. A postal ballot notice will be issued to shareholders to formalize the approval process for these resource and service transfers.

Board approved material related party transactions via circular resolution on December 31, 2025.
Transactions involve transfers of resources or services between the company and its various subsidiaries.
Proposed deals exceed SEBI Regulation 23 materiality thresholds, requiring a shareholder vote.
Audit Committee has already cleared the transactions as being at arm's length.
A Postal Ballot Notice will be dispatched to shareholders to seek final approval.

💡 Investors should review the upcoming Postal Ballot Notice to understand the specific financial scale and nature of these transactions. While typically routine for large groups, ensuring these transactions do not disadvantage minority shareholders is key.

Exicom Tele-Systems to Close Trading Window from Jan 1, 2026, for Q3 FY26 Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 23 Dec 2025, 10:50 AM

Exicom Tele-Systems Limited has announced the closure of its trading window for all designated persons starting January 1, 2026. This closure is a mandatory regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's financial results. The board will meet to consider and approve the unaudited standalone and consolidated financial results for the quarter and nine-month period ending December 31, 2025. The trading window will reopen 48 hours after the results are officially declared to the stock exchanges.

Trading window closure takes effect from Thursday, January 1, 2026.
Closure pertains to the approval of financial results for the quarter and nine months ending December 31, 2025.
The restriction applies to all Designated Persons, their immediate relatives, and other insiders.
Trading window will reopen 48 hours after the dissemination of the financial results.
The specific date for the Board Meeting will be announced by the company in due course.

💡 This is a routine regulatory announcement and does not require any immediate action. Investors should wait for the announcement of the board meeting date to assess the company's Q3 FY26 performance.

Exicom Launches 'Exicom One' Integrated Turnkey EV Charging Solution for CPOs and Fleets

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 18 Dec 2025, 11:05 AM

Exicom Tele-Systems has launched 'Exicom One', a comprehensive turnkey solution that integrates hardware, software, and managed services for EV charging infrastructure. The solution aims to help Charge Point Operators (CPOs) and EV manufacturers scale rapidly toward 2030 deployment targets by handling everything from site surveys to AI-driven remote management. With over 1,33,000 chargers already sold globally, this move shifts Exicom from a pure hardware manufacturer to an end-to-end service provider. The company has already secured a partnership with a leading EV manufacturer for a high-power highway charging network.

Launch of 'Exicom One', a turnkey solution covering site surveys, electrical integration, and maintenance.
Leverages a global footprint of over 1,33,000 chargers sold across India, SE Asia, Middle East, US, and Europe.
Includes 'Harmony Connect', an AI-based predictive maintenance platform for intelligent station operations.
Targets the massive infrastructure demand as CPOs plan to deploy hundreds of thousands of chargers by 2030.
Initial rollout already underway through a partnership with a major EV manufacturer for highway corridors.

💡 Investors should view this as a strategic move to capture higher-margin recurring service revenue beyond one-time hardware sales. Monitor the company's ability to sign large-scale CPO contracts as a key indicator of this solution's success.

Exicom Launches 'Exicom One' Integrated EV Charging Solution for Domestic Market

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 18 Dec 2025, 10:55 AM

Exicom Tele-Systems has announced the launch of 'Exicom One', a turnkey integrated EV charging solution on December 18, 2025. The product is designed to provide end-to-end deployment and management capabilities for Charge Point Operators (CPOs), EV manufacturers, and fleet operators. This launch specifically targets the domestic Indian market, aiming to simplify the infrastructure setup for the growing EV ecosystem. By offering a comprehensive solution rather than just hardware, Exicom is positioning itself as a full-stack service provider in the EV space.

Launch of 'Exicom One', an integrated turnkey solution for EV charging infrastructure on December 18, 2025.
Targets domestic market segments including Charge Point Operators, EV manufacturers, and fleet operators.
Provides end-to-end capabilities for seamless deployment, operation, and management of charging networks.
Strengthens the company's EV Charger Business vertical by moving towards integrated service solutions.

💡 Investors should track the adoption of this integrated solution by major fleet operators and CPOs as it could lead to higher-margin service revenue. Monitor upcoming quarterly results for any commentary on the order book specifically related to this new product.

View All EXICOM Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

In Q2 FY26, the Critical Power segment grew 53% YoY to INR 161.5 Cr, while the EVSE (EV Charger) segment grew 55% YoY to INR 66.9 Cr. Total standalone revenue reached INR 228.4 Cr, representing a 54% YoY increase and a 52% QoQ increase.

Geographic Revenue Split

Not disclosed in available documents, though the company mentions operations in Southeast Asia and international demand for over 50,000 chargers sold in FY25.

Profitability Margins

Standalone Gross Margin declined to 26.4% in Q2 FY26 from 32.0% in Q2 FY25 due to a shift in product mix toward lower-margin lithium batteries. Standalone Adjusted PAT margin stood at 2.6% (INR 5.92 Cr) for Q2 FY26.

EBITDA Margin

Standalone Adjusted EBITDA margin improved to 6.6% (INR 15.1 Cr) in Q2 FY26 from 4.0% (INR 6.0 Cr) in Q2 FY25, driven by higher revenue scale. However, consolidated EBITDA remains negative at -11.6% (Loss of INR 32.7 Cr) due to the Tritium acquisition.

Capital Expenditure

The company is investing in a new manufacturing facility in Hyderabad featuring SMT lines; trial production is scheduled for November 2025 with commercial production starting January 2026 to enhance capacity and yield.

Credit Rating & Borrowing

CARE Ratings assigned a rating of CARE BBB+ / CARE A2, currently placed on 'Rating Watch with Developing Implications' with a Negative Outlook due to the Tritium acquisition's impact on liquidity and debt repayment.

⚙️ Operational Drivers

Raw Materials

Lithium batteries (significant cost driver with lower margins) and SMT (Surface Mount Technology) components for power electronics manufacturing.

Capacity Expansion

Current capacity not specified in MT/units, but the company is expanding via the Hyderabad plant (commercial Jan 2026) to step up manufacturing technology and resource efficiency.

Raw Material Costs

Raw material costs are impacted by a shift toward lithium batteries, which carry lower margins than traditional products, contributing to a gross margin compression from 32.7% in Q1 FY26 to 26.4% in Q2 FY26.

Manufacturing Efficiency

The new Hyderabad SMT line is expected to yield better output from fewer resources, improving production efficiency starting in the next financial year.

📈 Strategic Growth

Expected Growth Rate

54%

Growth Strategy

Growth is targeted through the BharatNet project (milestone deliveries started), expansion into electric utilities for SCADA network power systems, and the integration of the Tritium acquisition to capture international EV market share. The company is also leveraging a strong order backlog of over INR 1,400 Cr.

Products & Services

DC power systems, Lithium batteries, EV chargers (AC and DC), V2G (Vehicle-to-Grid) solutions, and SCADA network protection systems.

Brand Portfolio

Exicom, Tritium.

New Products/Services

V2G-ready chargers and Plug-and-Charge compatible systems; diversification into electric utilities is expected to add a few percentage points to revenue.

Market Expansion

Targeting the electric utility segment and expanding manufacturing footprint in Hyderabad to support both domestic and export demand.

Strategic Alliances

Strategic partnerships within the EV ecosystem are used to influence regulatory changes and strengthen market positioning.

🌍 External Factors

Industry Trends

The EV market shows robust growth with over 50,000 chargers sold, but industry tower roll-out growth has slowed to 3.8% YoY compared to an 8% 5-year CAGR. The industry is shifting toward V2G and integrated power solutions.

Competitive Landscape

Intense competition in the EV charger segment from domestic and international players is causing price erosion.

Competitive Moat

Moat is built on long-standing relationships with major telecom companies and a diversified product portfolio in power electronics. This is sustainable due to high switching costs in critical infrastructure and established manufacturing capabilities.

Macro Economic Sensitivity

Sensitive to changes in government EV infrastructure regulations and economic conditions affecting supply-demand in domestic and overseas markets.

Consumer Behavior

Sustained demand for EV chargers from both domestic and international customers, though price sensitivity is increasing due to market competition.

Geopolitical Risks

Geographic diversification is used as a strategy to reduce dependency on any single jurisdiction and mitigate regulatory risks.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to EV infrastructure regulations, government tax structures, and telecom project rules (e.g., BharatNet approvals).

Environmental Compliance

The company maintains a Business Responsibility and Sustainability Report (BRSR) and focuses on EV infrastructure which aligns with green energy regulations.

Legal Contingencies

The company reports no material weaknesses in internal controls over financial reporting; specific pending court case values are not disclosed.

⚠️ Risk Analysis

Key Uncertainties

The Tritium acquisition poses a risk of continued consolidated losses (How: integration costs and subdued performance; Why: expected to pressure EBITDA for the next 4 quarters).